Deutsche Bank names Asia leadership for corporate banking and securities

Deutsche Bank’s new co-CEOs for Asia-Pacific, Gunit Chadha and Alan Cloete, who took up their new jobs on Friday last week, have kick-started their tenure by making three senior appointments within the corporate banking and securities division in the region. They have also named a new executive committee for the region, expanding the number of members from 15 to 20.

Corporate banking and securities, which comprises the markets and corporate finance divisions, makes up a huge part of Deutsche’s business in Asia-Pacific and last year accounted for 88% of the revenue. It is also becoming increasingly important in a global context and in 2011 contributed 18% of the revenues...